Greenvolt Secures €400 Million Financing
10.08.24
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Simpson Thacher represented Greenvolt - Energias Renováveis, S.A. (“Greenvolt”) in securing a €400 million in syndicated financing (upsized from €350 million), which will contribute to strengthening Greenvolt’s balance sheet to foster the development of its 9.3GW utility-scale pipeline and driving the next phase of growth for Greenvolt and the wider Greenvolt Group. The upsized syndicated financing will have a bullet maturity in 3 years and is subject to terms and conditions, including security, customary in similar transactions.
Greenvolt is a leader in the renewable energy sector, focusing its activities on the generation of clean energy through residual biomass, the promotion of utility-scale projects, and the design and development of distributed generation projects.Greenvolt has a pipeline of 9.3 GW in wind, solar photovoltaic, and battery storage projects across 16 countries.
The Simpson Thacher team included Claire Williams, Lauren Bugler and Jennifer Falconer Hall (Corporate).